(Extracted from Annual Report 2012)
Complete MRO Solutions Provider in the Offshore, Marine and Oil & Gas Industries
Mencast Holdings Ltd. and its subsidiaries ["Mencast' or the "Group"] is a regional maintenance, repair and overhaul ["MRO"] solutions provider for the global Offshore, Marine and Oil & Gas sectors. Headquartered in Singapore, our Group was successfully listed in June 2008 as the first sponsor-approved listing on Singapore's SGX Catalist and later became the first such company to transfer to the SGX Mainboard.
From humble beginnings as a sterngear manufacturer for the marine and offshore industries in 1981, our Group has built on its core competencies to steadily expand its business over the last three decades to include servicing the oil & gas industry. After becoming an established leader in the manufacture and repair of propellers and sterngear equipment, our Group today, through a combination of organic growth and acquisitions, has transformed into a complete MRO solutions provider catering to the global Offshore, Marine and Oil & Gas industries.
Led by a dedicated and experienced management team, and operating from our new waterfront facilities and logistics seaborne hub on 52,120 square meters of land area, Mencast is well on track to achieve its goal of becoming a leader in the Oil & Gas MRO industry for its rapid deployment of MRO services.
At present, our Group services our customers through its three business segments, being Offshore & Engineering, Marine, and Energy Services.
Offshore & Engineering Segment
Offshore & Engineering segment includes inspection, maintenance and fabrication of offshore structures as well as engineering and other services related to onshore structures from the rapidly growing Construction & Infrastructure, Oil & Gas, Energy, Utilities, Water Treatment and Reclamation sectors in the region. It offers in-depth expertise in turnkey project management and budget development in mechanical structural engineering and installation.
Entities under our Offshore & Engineering segment are recognized as engineering specialist in the design, procurement, fabrication and installation of structural and precision engineering systems and plants. We also have in-house capability to fa bricate com plex skids, fi ltration membrane, pressure vessels and storage tanks. Within this segment, we also provide a full range of topside [rope access] services for the Offshore and Inshore industry.
Marine segment includes sterngear manufacturing and refurbishment, ship inspection, repair & maintenance services, engineering & fabrication, and marine project management works. Through our waterfront facilities and subsea expertise, we are able to deploy bespoke marine solutions that include customised manufacturing, mobile reclaiming and reconditioning of hull parts, repairing, refurbishing and modification of propellers. For offsite works, we carry out inspection, repair and maintenance at shipyards, anchorages, ports, wharves and jetties, and onboard vessels, such as FPSOs, barges, container shipping vessels and oil tankers. Under this segment, we also provide full range of subsea [diving] services for the Marine industry, particularly in inspection, repair and maintenance.
Energy Services Segment
Our Group acquired a new business segment with the acquisition of Vac-Tech Engineering Pte Ltd with effect from 1 May 2012. Energy Services segment includes custom-designed environmental and energy solutions with the use of high technology and mobile decontaminating plants. Services provided under this segment include semi-robotic oil tank de-sludging, air-fin cooler cleaning, ultra high pressure hydro cleaning, furnace decoking and pigging, and heat exchange re-tubing. In addition, Vac-Tech also designs and launches carbon footprint initiatives for our clients to manage their carbon output.